From the Back Cover
Filled with proven technical analysis tools and strategies, Advanced Technical Analysis of ETFs was created with the sophisticated ETF trader in mind. Written by Deron Wagneran experienced ETF trader and founder of Morpheus Capital LPand Edward Balog, this comprehensive resource offers detailed information on exchange traded funds and gives the lowdown on new products such as exchange traded notes (ETNs) and exchange traded commodities (ETCs). However, as the authors explain, no matter how the marketplace has changed in recent years, one thing remains constantthe effectiveness of tried-and-true technical analysis strategies when using ETFs.
Advanced Technical Analysis of ETFs offers a next-step resource for savvy traders. This important book introduces several new technical indicators and strategies that enhance the effectiveness of the proven "top-down" trading strategy outlined in Wagner's previous book, Trading ETFs. While the top-down strategy can hold its own, adding additional technical indicators, strategies, and concepts will only serve to improve the overall success of serious ETF traders. In this book, the authors put the spotlight on Candlestick Patterns, Fibonacci Levels, Fibonacci Times Series, and Accumulation-Distribution combined with the Relative Strength Index. These technical indicators have proven to be useful without being cumbersome.
One popular feature of prior books by the authors is the analysis of the outcomes of thirty different actual ETF trades that were initially published in the Wagner Daily newsletter. Many of these instructive trades were winners but some were losers. The authors stress that knowing how, when, and why to exit a losing trade is a critical skill that all serious traders need to develop. The book also dedicates space to mastering the psychology of trading and provides just the right amount of crucial details explained in a user-friendly and accessible manner. Advanced Technical Analysis of ETFs includes the latest developments in ETF trading and addresses special account considerations for instruments that investors and traders may not be aware of. Understanding the key financial implications of trading certain ETFs adds yet another tool to your trading toolbox and can positively affect your profitability and overall success as an ETF trader.
Sophisticated ETF traders need the most current information and advice on advanced technical analysis and strategies to succeed. In Advanced Technical Analysis of ETFs, authors Deron Wagner and Ed Balog draw from their extensive experience in this field to explore a proven "top-down" trading strategy and introduce several new technical indicators and strategies that enhance the effectiveness of this winning approach.
This comprehensive resource includes the must-have information on new products such as exchange traded notes (ETNs) and exchange traded commodities (ETCs). While the approach outlined in this book is built on a foundation of the top-down strategy, adding the additional technical indicators, strategies, and concepts found here will only serve to improve the bottom line of committed ETF traders. Page by page, Wagner and Balog explore how and when to apply indicators such as Candlestick Patterns, Fibonacci Levels, Fibonacci Times Series, and Accumulation-Distribution combined with the Relative Strength Index. These technical indicators have proven to be extremely helpful without being unwieldy.
Advanced Technical Analysis of ETFs also includes detailed analysis of the outcomes of thirty actual ETF trades. These trades were first published in the Wagner Daily newsletter and represent both winners and losersbecause all trades, winners and losers, contain a particular lesson that ETF traders can learn from.
About the Author
is a professional trader and Founder of Morpheus Trading Group (morpheustrading.com), a trader education firm specializing in exchange traded funds and stocks. He has been publishing his popular Wagner Daily
swing trading newsletter, which provides his top daily ETF and stock picks, since 2002.
Wagner is the author of the first and second editions of Trading ETFs
and coauthor of The Long-Term Day Trader
and The After-Hours Trader
. He also appears in the popular DVD, Sector Trading Strategies
and is a frequent guest speaker at various financial seminars around the world and has appeared on CNBC and ABC. He can be reached at: email@example.comEdward Balog
has a BS in Business from Indiana University South Bend and an MBA from the University of Notre Dame, where he graduated Summa Cum Laude. Balog also has extensive experience in mortgage capital markets and the retail mortgage industries. He resides in Ft. Lauderdale, Florida, with his wife, Lori, and his two children, Emily and Jack.